Helpful perspective. Feels like retail hasn’t really shown up yet, but also feels like price being suppressed by 🐋 selling pressure — miners, Germany, etc
Price suppression is a gift. I can stack all the Bitcoin I spent over the winter with no cash flow at the same price or even cheaper. Great thing about trading p2p is that it brings a nice price premium. Go to any Bitcoin meetup with $100 and see who's willing to sell at spot price, raise the premium until someone finally takes your fiat. This is the true price of Bitcoin in your local market.
I totally get what you’re saying. Redistribution and resetting of cost basis is obviously very healthy for the market, and such a good reminder to get P2P Bitcoin this way.
And this tension on high/low price always gets me. I love seeing price 🚀 but also get sad when my daily DCA barely impacts my overall stack.
As @ck says, we all have enough Bitcoin. It's about getting it across the finish line. As long as we are using the utility and increased purchasing power Bitcoin provides the size of the stack doesn't matter. What matters is having the resilience to make it through the collapse of fiat and any other catastrophe. 8 forms of capital is a great framework for rebalancing wealth for resilience. Most people have zero natural capital (food production) which used to be a significant form of capital just a few generations ago. Spending some bitcoin to rebalance into other forms of capital to maximize resilience will help to ensure your stack makes it across the finishline.
I’m here for this kind of signal / wisdom